718-722 Thomas St, Elizabeth City, NJ 07202
Union County
Key Facts
Description
Impeccable investment property located in the highly desirable Bayway section of Elizabeth, NJ, offering a rare opportunity for both investors and owner-occupants. The building features four well-designed units, each consisting of 1 bedroom, 1 full bathroom, a comfortable living room, and a separate dining area, providing functional and inviting layouts that are consistently in demand. All units are in excellent, move-in condition and have been meticulously maintained, reflecting true pride of ownership and minimal deferred maintenance. A standout feature of the property is the right-side unit, which includes a fully finished basement, offering additional usable space that can serve as recreation, storage, or extended living adding both flexibility and potential value. Situated in a strong rental corridor with close proximity to major highways, public transportation, shopping, and local amenities, this property benefits from consistent tenant demand and long-term stability. With its solid unit mix, turnkey condition, and prime location, this asset presents an excellent opportunity for immediate cash flow, long-term appreciation, or owner-occupancy with supplemental income, making it a valuable addition to any real estate portfolio.
Property Information
Property Type
Residential Income
Sub-Type
Duplex
Style
Duplex-Side by Side
Year Built
1945
Living Area
4,796 sq ft
Lot Size
0.11 acres
Days on Market
78
MLS® Listing#
4022414
Property Features
Heating
Basement
Parking
Construction
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$12,152
Tax year 2025
Assessed Value
$602,500
Parcel Number
2904-00496-0000-00004-0000-
Directions
TAKE BAYWAY TO THOMAS ST
Affordability Calculator
$168,000
Estimated monthly payment
$4,471/mo
Principal $671,999 · Est. interest $937,499 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Elizabeth City, NJ
- $618,457
- Median Listing Price
- 48
- Median Days on Market
- 1,395
- Median Sq Ft
- $416
- Median Price / Sq Ft
- 3,230
- Active Listings
- This home’s price is 36% above the area median.
- Its price per sq ft is 58% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Elizabeth City, NJ.
Location
- 718-722 Thomas St, Elizabeth City, NJ 07202
Getting Around
Points of Interest in Elizabeth City, NJ
Showing the Elizabeth City area map.
Nearby Schools
Mabel G. Holmes School No. 5
Elementary · 0.1 mi away
William F. Halloran School No.22
Secondary · 0.3 mi away
Elizabeth High School
Secondary · 0.4 mi away
Sinai Christian Academy
School · 0.4 mi away
Woodrow Wilson School No. 19
Elementary · 0.6 mi away
Pto Group -Frances C.Smith Early Childhood Center
School · 0.7 mi away
Number 15 Elementary School
Elementary · 0.8 mi away
Joseph Battin Elementary School
Elementary · 0.8 mi away
Adm W F Halsey Leadershp Academy
School · 0.9 mi away
Terence C Reilly School 7
Secondary · 1.0 mi away
Number 70 Elementary School
Elementary · 1.0 mi away
St Anthony's Convent
School · 1.0 mi away
John E. Dwyer Technology Academy
School · 1.0 mi away
Nicholas S. Lacorte-Peterstown School No. 3
Elementary · 1.0 mi away
Elizabeth High School
Secondary · 1.0 mi away
Sonia Sotomayor School No. 25
Elementary · 1.0 mi away
Uceda School
School · 1.1 mi away
Abraham Lincoln School No. 14
Elementary · 1.2 mi away
Elizabeth High School - Frank J Cicarell Academy
Secondary · 1.3 mi away
School No. 4
School · 1.3 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 50 Eaton Pl, East Orange City, NJ | $588,000 | 7 | 3 | 19,998 |
| 101-103 Sheridan Ave, Paterson City, NJ | $588,777 | 4 | 3 | — |
| 79 Godwin Ave, Paterson City, NJ | $589,000 | 6 | 3 | — |
| 89 Aldine St, Newark City, NJ | $589,000 | 5 | 3 | 3 |
| 153 Tremont Ave, City Of Orange Twp., NJ | $589,000 | 4 | 3 | — |
| 65 Eastern Pkwy, Newark City, NJ | $589,000 | 3 | 2 | 1,593 |
Moving Cost Estimate
EXIT Agents in Elizabeth City
Listing Courtesy: NEW AND MODERN GROUP - 2012561422